CBI calls for gender diversity at boardroom level

by UK Net Guide, December 15th, 2010.

The Confederation of British Industry (CBI) is petitioning the government to do more to force listed companies to measure progress on improving diversity to boost female numbers in boardrooms.

CBI experts submitted recommendations to Lord Davies’ review of key employment practices and claimed that the UK’s Corporate Governance Code needs revisions in order to address the issue.

According to the organisation, this would mean the need for a reporting progress against internally-set targets that reflect company circumstances and forcing explanations should they not deliver. Media companies with large percentages of female staff may need to set higher targets for the number of women in the boardroom, while engineering firms with smaller numbers of women would not be subject to similar measures.

The CBI pointed towards Australia and how the island nation will next year implement such legislation, resulting in a sharp rise in the number of female board appointments this year, jumping from five per cent of new appointments to 27 per cent in the space of 12 months up to the end of the first half of 2010. (continue reading… )


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